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UTI Mastershare Unit Scheme declares tax-free dividend of 30%

By
UTI Mutual Fund, IPO

Mumbai: UTI Mastershare Unit Scheme, the country's first equity-oriented fund, today said it has declared tax-free dividend of 30 per cent (Rs 3 per unit on face value of Rs 10) under dividend option-existing plan and dividend option-direct plan.

Pursuant to the payment of dividend, the NAV of the dividend option-existing plan and dividend option-direct plan of the scheme would fall to the extent of payout. The record date for the dividend is November 8.

All unit holders registered under the dividend option-existing plan and dividend option-direct plan of UTI Mastershare Unit Scheme as on the record date will be eligible for this dividend, a UTI MF statement said.

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